4th Grade

State Standards

4.SSSpending and Saving

Develop a plan for spending and saving.

1Create a way to keep track of money spent.

2Categorize types of household expenses and sources of income.

3Calculate the sales tax for a given purchase.

4Compare ways that people can decrease expenses to save more of their income.

5Give an example of how the government uses tax revenues.

Develop a system for keeping and using financial records.

6Monitor financial statements for a personal savings account.

Describe how to use different payment methods.

7Explain why people keep money in banks and credit unions.

8Describe how checks and debit cards, gift cards, and credit cards are used as payment methods.

9Verify the total cost of a purchase that includes multiple items.

10Calculate the amount of change to be returned when the payment amount is greater than the purchase price.

Apply consumer skills to spending and saving decisions.

11Compare prices for the same item from two different sources.

12Justify a spending decision based on predetermined criteria for an acceptable outcome and available options.

13Analyze how spending choices are influenced by price, advertising, the spending choices of others, and peer pressure.

4.CDCredit and Debt

Analyze the costs and benefits of various types of credit.

1Identify situations when people might pay for certain items in small amounts over time.

2Summarize the advantages and disadvantages of using credit.

3Explain why using a credit card is a form of borrowing.

4Recognize how overspending can lead to borrowing problems.

4.EIEmployment and Income

Explore job and career options.

1Analyze how different jobs require different skills, training, and tools.

2Explain how an individual's interests, knowledge, and abilities can affect job and career choice.

3Research jobs related to a career of interest.

4Classify the types of businesses run by local entrepreneurs.

5Describe how people form businesses to meet customers' needs while generating income for themselves.

6List ways that owning a business involves risk that the business will not be able to earn enough revenue to pay its costs.

Compare sources of personal income and compensation.

7Identify jobs children can do to earn money.

8Explain the difference between a wage and a salary.

4.IInvesting

Explain how investing may build wealth and help meet financial goals.

1Describe reasons for investing.

Evaluate investment alternatives.

2Compare the main features and rates of return on basic deposit accounts at local financial institutions.